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Recession hits as cement prices rises by 44% to N2,300 per bag

Dreams of lower construction costs by prospective homeowners might have become a nightmare, going by fresh increase in the price of cement products by manufacturers.The development has already triggered a ripple effect in the open market, with prices going up by about 44 per cent in few days. Read More

New report shows land Values in Victoria Isand declined by 30% in H1 2016

According to a new report by real estate firm NorthCourt, the success of Eko Atlantic City project in Lagos is impacting on land value within the neighbourhood, especially in Victoria Island where there has been a dip in value estimated at 30 percent by the second half of this year. Read Full Report

Surveyors seek review of land administration policy

Nigerian Institution of Surveyors has called on the government for a review of land administration policy,with specific reference to Ogun State. The Chairman, African Planning Association, Waheed Kadiri, made this call at the investiture. Read More

Council tasks government on public rental housing, urban renewal 

The government has been called upon once again to cast its eyes more determinedly at the housing sector, especially on mass housing provision for its teeming low-income sector. The council, which made the call, urged the government. Read More

FMBN records N5.8bn as half-year income

The Federal Mortgage Bank of Nigeria said it made a total income of N5.8bn in the first half of 2016. It also stated that it recorded an operating surplus of N424m during the period under review, adding that since the beginning of this year. Read More


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